At the end of a turbulent week for Danish jewellery behemoth Pandora, which culminated in the departure of its chief executive yesterday, Ruth Faulkner ponders the fate of the once-unstoppable jewellery brand.

RJ EXCLUSIVE: Peter Andersen to leave Pandora

Peter Andersen president of Western Europe for Danish jewellery giant Pandora is set to leave the business.

Retail Jeweller understands that Andersen, who has been with the organisation for over seven years since January 2009, will stay with Pandora for another four to six months on a “business as usual basis” during a period of transition.

As yet, no successor has been announced although Pandora did confirm that it will announce this as soon as possible.

Under Andersen, Pandora has significantly grown its footprint in the UK and now boasts around 200 stores, the majority of which are operated via a franchise model in partnership with independent retail jewellers.

Prior to joining Pandora, Andersen spent many years working in the fashion industry and most recently held the position of sales director for the UK and Ireland with Danish clothing brand group IC Companys.

Peter Andersen, Pandora

Peter Andersen, Pandora

The news of Andersen’s departure follows the announcement earlier this year that Nigel Simpson, vice-president of business development for Pandora in the UK,will leave the business in the Autumn.

Andersen and Simpson have a long history of working together which dates back to Andersen’s time at IC Companys when he hired Simpson as retail manager.

When contacted by Retail Jeweller on Friday (July 22) Pandora confirmed Andersen’s departure and said it would “make a formal statement in due course”.

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